QUESTION IMAGE
Question
look at a portion of a sample paycheck;
the descriptions are examples of what kind of taxes?
taxes
payroll
property
income
excise
description 5,989.84
fed withholdng 309.54
fed med/ee 1,323.53
fed oasdi/ee 1,407.62
ny withholdng 43
ny new york withhold
The taxes shown (Fed Withholding, Fed MED/EE, Fed OASDI/EE, state withholdings) are deducted from a paycheck. Payroll taxes include federal income tax withholding, Social Security (OASDI), and Medicare (MED) taxes, which match these descriptions. Property taxes relate to property ownership, income taxes are broader (but these are withheld from payroll), and excise taxes are on specific goods/services—so payroll is correct.
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A. payroll